Reporter's Notebook: KFA takes lender to court

Name: Reporter's Notebook: KFA takes lender to court
Uploaded: 2018-02-08T11:50:50+00:00
Duration: 2 min 20 s
Channel: Mint
Description: Fourteen banks last week sent recovery notices to UB Group promoter Vijay Mallya over non-payment of dues. They also filed a petition against Kingfisher and UB Group. Now, Vijay Mallya has moved court seeking to stop the banks from selling their pledged shares. Mint's P.R. Sanjai explains the implication of this move by Mallya.

Mint

Fourteen banks last week sent recovery notices to UB Group promoter Vijay Mallya over non-payment of dues. They also filed a petition against Kingfisher and UB Group. Now, Vijay Mallya has moved court seeking to stop the banks from selling their pledged shares. Mint's P.R. Sanjai explains the implication of this move by Mallya.

Category

Recommended